• Do ‘functional’ drinks really work?

    Functional or "healthy" drinks claim to calm you down, boost your energy, or improve brain health. Celebrities from Katy Perry to Bella Hadid have embraced them. But are they actually worth it?

    Read the original article on Business Insider
  • Scientists explain why orcas keep ramming yachts

    Orcas — like the one seen here at Loro Parque zoo in Spain — have been bumping into boats near Portugal and Spain.
    Orcas — like the one seen here at Loro Parque zoo in Spain — have been bumping into boats near Portugal and Spain.

    • Orcas just want to have fun.
    • Orcas have been ramming boats off Spain, Portugal, and Morocco since 2020.
    • Scientists now believe it's simply because the orcas are bored and feeling playful. 

    Orcas have been causing mayhem off the coasts of Spain, Portugal, and Morocco for the past several years, driving local sailors nuts by ramming and bumping their boats.

    But scientists now believe the orcas actually don't have malicious intentthey're just being silly.

    A group of over a dozen scientists and orca experts who've been studying the region's orcas for years explained their findings in a report from the International Whaling Commission published Friday.

    The Portuguese and Spanish governments commissioned the report in response to a spate of incidents of a small group of orcas around the Iberian Peninsula ramming into — and sometimes sinking — at least 673 boats since 2020, The Washington Post reported.

    Despite the damage the orcas have done, scientists believe the orcas are not trying to be aggressive or destructive. Really, they're just bored teenagers looking for a bit of fun.

    "The sea is a very boring place for an animal," Renaud de Stephanis, president of marine life preservation organization CIRCE, told USA Today. "Imagine if you're a dog or some other mammal, you can interact with objects around you. But in the sea there's not much for the orcas to interact with, so they play with the rudders."

    Scientists believe young juvenile orcas, who tend to be more curious and exploratory, started the trend, which then spread through the population, according to the report.

    And orcas, like humans, love following trends.

    The highly intelligent and social mammals are known to experience fads among their pods. For example, past orca populations have even gone around wearing dead salmon as hats, for no other apparent reason than everyone else was doing it.

    This long series of boat-ramming incidents could be no different.

    But why now? Scientists believe it's likely because the tuna population, the Iberian killer whales' primary food source, has dramatically increased in recent years, giving the orcas more time away from hunting, according to the report.

    And with all that free time, the apex predators have chosen to have a little fun. But don't worry. Even if an orca does ram and sink your ship, you're probably not in danger. No one has been injured in any of the incidents so far.

    Read the original article on Business Insider
  • OpenAI CEO Sam Altman pledges to give away the majority of his wealth

    OpenAI's Sam Altman
    Sam Altman and his partner, Oliver Mulherin, recently signed the Giving Pledge.

    • Sam Altman is vowing to give most of his money away.
    • The OpenAI CEO and his partner, Oliver Mulherin, recently signed the Giving Pledge.
    • Altman appeared on the Forbes and Bloomberg billionaires lists for the first time this year.

    Fresh off of hitting billionaire status earlier this year, Sam Altman is vowing to give away most of his wealth.

    The OpenAI CEO and his partner, Oliver Mulherin, recently signed the Giving Pledge.

    "We would not be making this pledge if it weren't for the hard work, brilliance, generosity, and dedication to improve the world of many people that built the scaffolding of society that let us get here," they wrote of their commitment in an update to the Giving Pledge's website on Tuesday. "There is nothing we can do except feel immense gratitude and commit to pay it forward, and do what we can to build the scaffolding up a little higher."

    They will focus their giving on "supporting technology that helps create abundance for people, so that they can then build the scaffolding even higher," they continued.

    Created in 2010 by Bill Gates, Melinda French Gates, and Warren Buffett, the pledge asks the world's wealthiest to "publicly commit to give the majority of their wealth to philanthropy either during their lifetimes or in their wills."

    This is a developing post…

    Read the original article on Business Insider
  • Trump continues his revenge tour against pro-DeSantis lawmakers

    Bob Good speaks to reporters inside the Capitol
    Rep. Bob Good of Virginia had tried to appear close to former President Donald Trump before Trump backed Good's primary foe.

    • Donald Trump is backing a primary challenger to Rep. Bob Good of Virginia.
    • The former president has targeted lawmakers like Good who backed Ron DeSantis over him.
    • Good has tried to appear close to Trump in recent weeks.

    Former President Donald Trump on Tuesday endorsed a primary challenger to Rep. Bob Good of Virginia, his biggest shot yet at a lawmaker who crossed him during the GOP presidential primary.

    "Bob Good is BAD FOR VIRGINIA, AND BAD FOR THE USA. He turned his back on our incredible movement, and was constantly attacking and fighting me until recently, when he gave a warm and 'loving' Endorsement – But really, it was too late," Trump wrote on Truth Social, his social media network.

    Good, who leads the far-right House Freedom Caucus, was one of the few members of Congress to endorse Florida Gov. Ron DeSantis. DeSantis was once Trump's best-positioned primary foe, but his campaign struggled to live up to its early expectations. DeSantis and Good later endorsed Trump, who will formally receive the GOP's presidential nomination in July.

    Good will face state Sen. John McGuire in a closely-watched primary on June 18.

    "Thank you President Trump for endorsing my campaign for Congress!" McGuire wrote on X in response. "Together we will fight for We the People and Save America. We can do better than Good."

    Before Trump endorsed McGuire, Good had gone to great lengths to appear close to the former president. Good was one of a string of House Republicans who went to New York City to denounce Trump's Manhattan criminal trial. Good's campaign website also touts Trump's 2022 endorsement of him.

    Trump isn't the only top Republican Good has crossed. The two-term lawmaker supported Florida Rep. Matt Gaetz's effort to remove then-Speaker Kevin McCarthy from power. McCarthy allies have supported a revenge tour of their own against the eight Republicans who joined with Democrats to force the Californian's historic ouster.

    Even some of Good's GOP colleagues are supporting McGuire, a rare step that underlines the frustration some Republicans have for Good. Good is also supporting a primary challenger to Republican Rep. Tony Gonzales of Texas.

    Trump is always taking names.

    Trump has tried to seem magnanimous at times when discussing DeSantis, who is reportedly trying to help fundraise for the former president's campaign. But it's clear Trump is well aware of those who crossed him.

    The former president previously lashed out at Rep. Chip Roy of Texas, another conservative Republican who backed DeSantis. But Trump called for a primary challenger to Roy after the filing deadline had passed.

    Trump's most successful revenge tour has been against the 10 House Republicans who voted to impeach him for inciting the January 6, 2021, Capitol riot. Of those 10, only two remain in the House. Last month, Trump endorsed a primary challenger to one of those two, Rep. Dan Newhouse of Washington.

    Read the original article on Business Insider
  • Target slashed this year’s Pride collection after last year’s backlash, leaving some LGBTQ+ insiders feeling alienated

    A Pride month display at a store in Wisconsin
    A Pride display at a Target store in Wisconsin last year.

    • Target came under fire last year when conservative groups attacked the company's Pride collection.
    • In response to protests, the retailer pulled merch and shrunk in-store displays.
    • Some on Target's Pride Council and past vendors say the company has done little to rebuild its relationship with the LGBTQ+ community.

    On Tuesday, May 14th, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider.

    A few days before that meeting, following the news that only a fraction of stores would be carrying Pride merchandise this year, VP of Brand Management Carlos Saavedra promised to "share all the details" about the celebration in an internal preview.

    The two council members said that in prior years, members of the 3,700-person group, known internally as the Pride+ Council, were able to participate in selecting vendors and products to feature in the collection.

    Target's online Pride collection on May 28.
    Target's online Pride collection on May 28.

    Pride+ Council members joined the May 14 meeting to find that only presenters could speak, comments were disabled, and no products were shown, the two council sources told BI.

    It's a far cry from just over a year ago, the members said, when Target was doing something that few large companies had ever done: embracing both halves of the LGBTQ+ acronym.

    For two years in a row, the company had offered a line of functional garments and a range of apparel and accessories boasting slogans that acknowledged and celebrated transgender and nonbinary members of the community.

    By this time last year, Pride products had already been on sale online for weeks by mid-May, and each of the retailer's nearly 2,000 US stores had displays near their front entrances.

    This year, the online collection that once boasted over 2,600 items now consists of several dozen items — some rainbow-themed apparel and accessories, a few alcoholic drinks, pet gear, and a cutting board emblazoned with "It's Giving Charcuterie."

    Target declined to address specific questions when contacted by Business Insider and instead referred to its previous statement on the Pride 2024 collection.

    "We have long offered benefits and resources for the community, and we will have internal programs to celebrate Pride 2024," the statement said. "Additionally, we will offer a collection of products for Pride, including adult apparel, home products, food and beverage, which has been curated based on guest insights and consumer research."

    At a time of the year when corporations are often accused of "rainbow washing" for Pride month in June, members of the LGBTQ+ community held Target up as an example of what true ally-ship could look like.

    But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors.

    In response to what it said was a mounting security threat, the retailer pulled merch and shrunk in-store displays, alienating some of its LGBTQ+ employees, customers, and vendor partners in the process.

    A Pride month display at a store in Wisconsin
    A shirt reading "Trans People Will Always Exist!" was one of the items to be pulled from Target stores last year.

    Even as conservative groups claimed victory, the backlash continued in the form of a shareholder lawsuit and related shareholder proposal arguing that the company's diversity initiatives are harmful to shareholder value.

    Target says it rejects those assertions and is defending itself in court.

    However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year.

    Erik Carnell, the trans designer whose Target merchandise was pulled due to Satanic references elsewhere in his portfolio, told BI the company declined to provide him an explanation about its decision beyond what was included in its public statements, and he hasn't heard from them since.

    "I don't expect to hear from them again," he said.

    "I don't doubt that there are people working high up in Target who do genuinely care about or are part of the LGBT community and did honestly want to support the trans community, but these people aren't necessarily responsible for certain decisions," he continued. "At the end of the day, the pink dollar isn't quite as strong as the Christian Right dollar."

    Humankind, the trans-friendly swimwear brand that was at the center of the firestorm, first began working with Target in 2021 in preparation for the 2022 Pride collection, according to founder Hayley Marzullo.

    After Humankind products were pulled from shelves, a Target representative did reach out to Marzullo, according to emails seen by BI.

    Target's Pride swimsuits
    Swimwear made last year in collaboration between Target and Humankind.

    "We understand this has an impact to you and your team and wanted to check in to see how you're doing and if there are any questions you might have," the Target representative said.

    The emails show that Target and Marzullo discussed a year-round assortment of gender-inclusive apparel in partnership with Humankind, but Marzullo told BI the idea eventually stalled.

    She said she eventually learned through a non-Target source that Humankind was not going to be part of this year's June collection.

    "Everything was set to continue to expand," Marzullo said. "We spent time and energy developing new products and new colors, only to be cut."

    Leslie Garrard, the CEO of TomboyX, said her company was invited to sell through the Target.com marketplace after a successful 2022 in-store collaboration.

    The brand still has over 60 items listed online — not in stores — but Garrard told BI she has noticed some items delisted in recent weeks, including a Pride rainbow design and a tucking underwear bottom. TomboyX fulfills all orders itself as Target does not generally stock or ship marketplace products.

    A Pride month display at a Target in Wisconsin
    Target's Pride display last year.

    "If you're taking your Pride assortment and you're taking out a ton of apparel, or you're just associating Pride with cake mixes, tablecloths, and dog leashes, you're not really showing up for your community," Garrard said.

    One of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.

    Target's handling of Pride this year so far tells her that "they are here for the L, G, and B, but not the T, Q, I, A, and plus," she said. "This feels very much like a betrayal."

    Read the original article on Business Insider
  • Inside the nearly 8-year-long feud between Elon Musk and Mark Zuckerberg

    Elon Musk Mark Zuckerberg
    Elon Musk and Mark Zuckerberg have threatened to take their feud to the next level and face each other in a cage match.

    • There's no love lost between Elon Musk and Mark Zuckerberg. 
    • The CEOs have been feuding since 2016, when a SpaceX explosion destroyed a Facebook satellite.
    • Here's a history of their feud.

    For nearly eight years, two of tech's biggest names — Elon Musk and Mark Zuckerberg — have been caught up in a feud, clashing over topics like artificial intelligence and rockets.

    The two men have been griping about each other behind closed doors for years, according to The Wall Street Journal. But the tech moguls haven't exactly kept their rivalry a secret from the public, either.

    When a rocket from Musk's SpaceX exploded and destroyed a satellite from Zuckerberg's Facebook in 2016, Zuckerberg issued a heated statement, saying he was "deeply disappointed" about SpaceX's failure. And when Facebook became embroiled in the Cambridge Analytica scandal, Musk publicly deleted his companies' Facebook pages, tweeting that the company gave him "the willies."

    In June 2023, the two men threatened to make their fight physical and face each other in a cage match.

    The two billionaires are among the richest people on the planet, placing them in an elite circle, even by Silicon Valley standards. Even though both work in artificial intelligence and social media, and their companies have partnered in the past, it seems there's no love lost between Musk and Zuckerberg.

    Here's where their feud began and everything that's happened since.

    The Musk-Zuckerberg feud dates back to at least 2016, when a SpaceX rocket explosion destroyed a Facebook satellite.
    SpaceX explosion
    An explosion on the launch site of a SpaceX Falcon 9 rocket in 2016.

    In September 2016, SpaceX was testing its Falcon 9 rocket at a launch site in Cape Canaveral, Florida. Shortly after 9 a.m. the rocket exploded, destroying Facebook's AMOS-6 satellite, which was supposed to ride the rocket into space.

    The satellite was part of Facebook's Internet.org project to deliver internet connectivity to the developing world, and it would have been Facebook's first satellite in orbit.

    Zuckerberg seemed openly frustrated that the launch failed, writing on Facebook that he was "deeply disappointed to hear that SpaceX's launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone else across the continent."

    Two years later, Musk addressed the failed launch in a post on Twitter to the reporter Kerry Flynn.

    "Yeah, my fault for being an idiot," Musk said. "We did give them a free launch to make up for it, and I think they had some insurance."

    In 2017, Zuckerberg criticized Musk's attitude toward artificial intelligence, which seemed to get a rise out of Musk.
    Mark Zuckerberg
    Mark Zuckerberg said he doesn't understand people who try to make up doomsday scenarios about AI.

    During a Facebook Live broadcast, a viewer asked Zuckerberg for his thoughts on Musk's anxieties around AI.

    "I have pretty strong opinions on this," Zuckerberg said. "With AI especially, I'm really optimistic, and I think that people who are naysayers and try to drum up these doomsday scenarios … I don't understand it. It's really negative, and in some ways, I actually think it's pretty irresponsible."

    Musk, who has repeatedly called for regulation and caution when it comes to new AI technology, shot back on Twitter.

    "I've talked to Mark about this," he said in response to a tweet about Zuckerberg's comments. "His understanding of the subject is limited."

    In 2018, following Facebook's Cambridge Analytica scandal, Musk made a public show of deleting SpaceX and Tesla's Facebook pages.
    Elon Musk
    Musk deleted SpaceX and Tesla's Facebook accounts in 2018.

    After the WhatsApp cofounder Brian Acton tweeted, "It is time. #deletefacebook," Musk responded, "What's Facebook?"

    A fan responded to Musk's tweet asking whether he'd delete the SpaceX Facebook page, to which Musk responded, "I didn't realize there was one. Will do."

    After another fan pointed out that Tesla had a Facebook page too, Musk tweeted that it "looks lame anyway."

    Soon after, both the SpaceX and Tesla pages disappeared from Facebook. Musk said it wasn't a "political statement" and that he just found Facebook unsettling.

     

    Musk continued his campaign against Facebook in early 2020.
    facebook mark zuckerberg
    Elon Musk urged people to delete Facebook.

     

    In response to a tweet from the actor Sacha Baron Cohen, which called for more regulation of Facebook, Musk urged people once again to delete the app.

     

    Following the riot at the US Capitol in 2021, Musk used Twitter to share memes linking the riots to Facebook.
    Elon Musk
    Musk criticized Facebook's data-sharing practices.

    On the evening of the rampage in Washington, Musk tweeted, "This is called the domino effect," along with an image of dominoes, with the first one labeled "a website to rate women on campus," a reference to Facebook's inception at Harvard University. The last domino referenced the rioters.

    Musk also criticized Facebook's data-sharing practices, tweeting another meme about Facebook that mentioned the company "spying" on users following the announcement by Facebook-owned WhatsApp that it would start forcing users to share their personal data with the platform.

    Musk tweeted that people should "use Signal," an encrypted messaging app. His tweet was retweeted by Twitter CEO Jack Dorsey, another tech executive who has sparred with Zuckerberg.

    Last year, Musk criticized Zuckerberg's ironclad control of Meta.
    A side-by-side composite image of Mark Zuckerberg and Elon Musk.
    Musk compared Zuckerberg's control of Meta to a monarchy.

    The Tesla CEO compared Zuckerberg's control of Meta to a monarchy during an interview at the TED conference in Vancouver, British Columbia. (Facebook's parent company changed its name to Meta in October 2021.)

    The interviewer, Chris Anderson, asked Musk whether his status as the richest man and one of Twitter's top influencers could pose a conflict of interest if he bought the platform. Musk used the opportunity to take a swipe at his rival.  

    "As for media sort of ownership, I mean, you've got Mark Zuckerberg owning Facebook and Instagram and WhatsApp, and with a share ownership structure that will have Mark Zuckerberg the 14th still controlling those entities," Musk said. 

    He went on to say that he "won't have that at Twitter."

    Tensions appeared to get even higher between the two CEOs after Musk bought Twitter.
    Illustration of Elon Musk and the Twitter logo
    Elon Musk took over Twitter on October 27, 2022 and renamed it "X."

    In December, Meta first brainstormed ideas for a Twitter competitor in order to capitalize on  Musk's chaotic Twitter takeover, according to a report from The New York Times. The company confirmed to Platformer in March that it's working on its own text-based social network, codenamed "Project 92."

    Earlier this month, Meta's chief product officer, Chris Cox, appeared to mock Musk and Twitter by saying in an all-hands meeting that it the site will be "a platform that is sanely run."

    Musk hasn't taken kindly to the news that Zuckerberg is creating an X competitor.
    Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019, wearing a suit and looking serious with facebook logo in background.
    Musk taunted Zuckerberg on X.

    The billionaire taunted Zuckerberg on X, formerly Twitter, about his rival text-based social media platform.

    "I'm sure Earth can't wait to be exclusively under Zuck's thumb with no other options," Musk posted in June.

    Later writing: "Zuck my" with a tongue emoji.

     

     

    Zuckerberg offered some rare praise for Musk and his plans for X in June 2023.
    Mark Zuckerberg, founder and CEO of Facebook/Meta, is seen in attendance during the UFC Fight Night event at UFC APEX on October 01, 2022 in Las Vegas, Nevada.
    Zuckerberg praised Musk's push to make X leaner in a podcast interview.

    On an episode of "The Lex Fridman Podcast," the Meta CEO praised Musk's "push early on to make Twitter a lot leaner."

    "I think that those were generally good changes," Zuckerberg said on the podcast.

    When the Tesla CEO took over X, he more than halved the company's workforce. Zuckerberg has taken similar cost cutting measures at Meta, initiating a series of layoffs and dubbing 2023 the "year of efficiency."

     

    The two men have reportedly been grumbling about each other in private for years.
    Elon Musk's mother, Maye Musk, says her son should "fight with words only."
    Zuckerberg reportedly wanted the recognition Musk received for years.

    People who have heard each man's private comments about the feud told The Wall Street Journal in a report published last June that Zuckerberg had long yearned for the public recognition Musk has received over the years as a tech pioneer and that Musk has fretted over Zuckerberg's early success with Facebook.

    The two men appeared to agree to settle some of their differences in a cage match last June.
    Mark Zuckerberg participates in jiu-jitsu tournaments and Bill Gates has played tennis against Jeff Bezos.
    Mark Zuckerberg participated in a jiu-jitsu tournament.

    Last June, Musk said he'd be "up for a cage match" with Zuckerberg. 

    The X owner brought up the idea after X users cautioned him to be careful dissing Zuckerberg since he knows jiu-jitsu.

    It's unclear whether Musk was joking about the offer to fight the Meta CEO in a cage match. He said via X, "If this is real, I will do it," but later appeared to poke fun at his own fighting skills.

    Zuckerberg appears to be taking the idea of a match seriously. After Musk first posted on X that he would be  "up for a cage fight," the Meta CEO posted a screenshot of the post on Instagram with the words "Send me location," and a Meta spokesperson later told The Verge that Zuckerberg is not joking about the offer.

    Only time will tell if the two CEOs will duke it out in person.

    Some people have already begun placing odds on the fight. Business Insider's Hasan Chowdhury reported that Musk's chances of beating Zuckerberg are slim. 39-year-old Zuckerberg has been trained in MMA fighting and even won some medals at a jiu-jitsu competition in May 2023.

    Zuckerberg said he was ready to fight since the day Musk challenged him.
    Mark Zuckerberg (left) and Elon Musk (right)
    Zuckerberg said you'll hear it from him if Musk agrees on a date.

    Zuckerberg said in a Threads post in August 2023 that he was "ready to fight since the day Elon challenged" him. 

    "If he ever agrees on an actual date, you'll hear it from me," Zuckerberg said in the post. "Until then, please assume anything he says has not been agreed on."

    Musk posted on X two days later that "Zuck is a chicken."

    "He can't eat at chic fil a because that would be cannibalism," he wrote in a separate post on the same day.

     

    A day after Zuckerberg's 40th birthday, Musk revived the cage-match proposal in a post on X.
    Elon Musk.
    Musk made another attempt at fighting Zuckerberg.

    Musk's gift to Zuckerberg for his 40th birthday was a challenge to fight him, once again.

    "If only Zuckerberg were as tough (sigh). I've offered to fight him any place, any time, any rules, but all I hear is crickets," Musk said in an X post on May 15.

    Musk's post was in response to a satirical news story about a face-off between President Joe Biden and former President Donald Trump.

    Meta and xAI are now competing against each other to partner with Character.AI
    Elon Musk next to xAI's logo on a phone
    xAI recently announced that it raised $6 billion in funding.

    Character.AI is a platform with AI celebrity personas and characters that act as chatbots. Meta has already added a similar feature to its platforms, with celebrity chatbots voiced by big names like Kendall Jenner and MrBeast available.

    The Andreessen Horowitz-backed startup was valued at $1 billion last year and according to a Financial Times report from May 24, Meta and xAI have held exploratory talks with Character.AI about working together. No deal has been reached yet with either company, the report said. 

    Both companies are heavily investing in AI as the race to scale capabilities heats up. Both Meta and X offer AI chatbots on their social media platforms. 

    Zuckerberg has expressed plans to spend "aggressively" on AI and said Meta's mission is to build artificial general intelligence, a level of AI that could outperform humans. 

    Meanwhile, xAI announced on May 26 that it raised $6 billion in funding. Recent reports also indicate Musk is planning to build a supercomputer, the "gigafactory of compute," to train the latest version of Grok.

     

    Read the original article on Business Insider
  • Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds

    Mohammed bin Salman.
    Mohammed bin Salman.

    • Saudi Arabia is raising debt to plug holes in its finances, Bloomberg reported.
    • Riyadh has pressed ahead with big spending projects as part of an economic diversification drive.
    • It now needs to cover a $21 billion fiscal shortfall, per the outlet.

    Saudi Arabia plans to raise money by selling bonds as it presses ahead with massive spending projects, Bloomberg reported.

    The kingdom will issue dollar-denominated three, six, and 10-year sukuk notes as part of an effort to plug a fiscal shortfall that's expected to hit $21 billion by the end of the year, the outlet reported citing an unnamed source.

    Riyadh previously sold $12 billion of sovereign debt in January, while planned desert megacity Neom has also reportedly mulled issuing Islamic bonds in a bid to raise more cash.

    Citigroup, Goldman Sachs, and French bank BNP Paribas will coordinate the bond sale, according to Bloomberg.

    The latest bond sale comes as Saudi Arabia presses ahead with Mohammed bin Salman's Vision 2030 plan that seeks to diversify its oil-reliant economy.

    As part of the massive spending project, the kingdom plans to build Neom, which could ultimately cost as much as $1.5 trillion. It's also poured billions of dollars into sports, luring soccer stars like Cristiano Ronaldo, Karim Benzema, and Neymar to play in the local Saudi Pro League and backing the breakaway LIV Golf tournament.

    In February, The Wall Street Journal reported that Saudi Arabia had started borrowing to help fund Neom and other Vision 2030 "gigaprojects."

    Tim Callen, a visiting fellow at the Arab Gulf States Institute think tank in Washington, estimated that the Saudi sovereign wealth fund, the PIF, would need to raise another $270 billion if it wanted to fully realize its ambitions.

    Read the original article on Business Insider
  • Adam Neumann gives up on his plan to buy back WeWork

    adam neumann
    • Adam Neumann is giving up on plans to re-acquire WeWork.
    • He called a different bankruptcy plan that cut him out "unrealistic and unlikely to succeed."
    • That deal includes $450 million in equity funding and plans to wipe away billions of debt.

    Adam Neumann is abandoning his plans to re-acquire WeWork.

    Last month, the company announced a separate plan to emerge from bankruptcy that cut him out of its future.

    Now, Neumann is stepping away.

    And the entrepreneur told Business Insider he's not exactly hopeful about the company's new path.

    "For several months, we tried to work constructively with WeWork to create a strategy that would allow it to thrive," Neumann said in a statement. "Instead, the company looks to be emerging from bankruptcy with a plan that appears unrealistic and unlikely to succeed."

    The New York Times' Dealbook was the first to report that Neumann was throwing in the towel.

    A representative for Neumann previously told Business Insider he'd submitted a bid of about $650 million.

    The deal WeWork chose includes $450 million in equity funding and plans to wipe away billions in debt.

    Neumann stepped down as head of WeWork in 2019 after the company's failed IPO. In November 2023, WeWork filed for bankruptcy.

    Read the original article on Business Insider
  • Image shows an 7-layer defensive line planned for the border between NATO and Russia

    A diagram from Poland's Ministry of National Defence that shows planned border defenses. Arrows point to a border fence, razor wire, an anti-tank ditch and other defenses.
    A diagram from Poland's Ministry of National Defence that shows planned border defenses.

    • Poland unveiled a plan for new defenses along its borders with Russia and Belarus.
    • Poland and other European NATO members are warning that Russia could launch an attack.
    • An image showed a wall, barbed wire, anti-tank obstacles and vegetation.

    A NATO country unveiled a new plan for its border intended to defend against attacks coming from Russia.

    Poland's defense ministry on Monday touted its "east shield," an operation to strengthen its eastern border with Russia and Belarus.

    It said the effort would be the largest defensive effort on NATO's eastern flank since World War II ended in 1945.

    A diagram released as part of a policy document showed one segment of the planned "border zone."

    It featured at least eight distinct types of defense:

    • A permanent fence
    • Barbed wire
    • An anti-tank ditch
    • A field of anti-tank obstacles (known as hedgehogs)
    • Mines
    • Another ditch
    • A layer of vegetation

    Officials also stated plans for increasing warning and tracking systems and anti-drone systems as well as preparing forward operating bases.

    The Chief of the General Staff of the Polish Army, General Wiesław Kukuła, said the project would strengthen Poland's resistance, limit the mobility of enemy troops, and protect Polish soldiers and civilians.

    The Russia-Poland border is with Kaliningrad, the Russian exclave to its north. It also shares a frontier with Belarus, a dictatorship considered a Russian puppet state that has aided Russia with the invasion.

    Further south, it borders Ukraine, where Russia has been executing a full-scale invasion since 2022.

    The plan said not all border areas would be fortified to maximum strength — but did not give a detailed breakdown. Poland has around 140 miles of border with Russia and around 250 miles with Belarus.

    It said the "east shield" plan will cover 435 miles of border in total.

    Władysław Kosiniak-Kamysz, Poland's defense minister, said work on the defenses would start this year and end by 2028.

    Poland's deputy prime minister estimated the cost at $2.56 billion.

    Polish armed forces' Chief of Staff. Gen Wieslaw Kukula and Deputy Defense Minister Cezary Tomczyk speak at podiums in front of flags and photos of defensive structures being built
    Polish armed forces' Chief of Staff. Gen Wieslaw Kukula and Deputy Defense Minister Cezary Tomczyk speak about the plan to strengthen NATO's eastern flank in Warsaw, Poland on Monday.

    The project is being done in cooperation with the nearby Baltic states of Estonia, Lithuania, and Latvia, which Poland is working with to increase security in the region.

    All four countries used to be dominated by the Soviet Union and have been outspoken about the prospect of Russia attacking again.

    Poland and the Baltics have been Ukraine's most forthright allies, advocating for more dramatic responses than most Western countries.

    Poland spends a higher percentage of its GDP on defense than any other NATO member, including the US.

    Warnings Russia could attack

    Poland is one of many European NATO members that warning that Russia may attack elsewhere in Europe if it is not defeated in Ukraine. Because of NATO's collective defense clause, that would likely also bring the US into a wider war.

    The head of Poland's national security agency said at the end of last year that Russia could attack NATO countries within three years — by 2026.

    Polish Prime Minister Donald Tusk also said in March that Europe was in a "pre-war era" and needed to prepare urgently.

    Other Russian neighbors are boosting their borders

    Other countries near Russia are also increasing their border defenses.

    Baltic countries also plan big fortifications on their borders with Russia and Belarus, including bunkers.

    Six NATO countries — Poland, Finland, Norway, and the three Baltic states — are also reportedly planning a "drone wall" to defend against Russia.

    Poland already has a border wall between it and Belarus, built by its previous government last year to prevent migration.

    Poland and its neighbors say Russia is targeting them by sending migrants across their borders and by launching cyberattacks, describing the actions as Russian efforts to destabilize Europe.

    Read the original article on Business Insider
  • Waze offers more than navigation instructions and live traffic updates. Learn more of the app’s handy features.

    A smartphone open to the App Store features Google's Waze navigation app.
    Waze is Google's navigation app that gives drivers realtime updates on traffic and driving conditions.

    • Waze is Google's traffic and navigation app that uses driver-supplied data to map your routes.
    • Waze provides realtime updates on traffic and route hazards like accidents, speed cameras, and more.
    • Waze was acquired by Google in 2013, and in 2023 merged into a new Google Geo division.

    Waze is a free, Google-owned GPS app that provides you with up-to-date navigation and traffic information for any trip. While it's most dynamic when connected to your cellular service, the app has offline capabilities, granting you access to directions without reception.

    The company acquired Waze in 2013, when Larry Page was Google's CEO. Google paid about $1.3 billion for the navigation app, but Waze's former CEO has criticized Google's management of the product. 

    Multiple rounds of Google layoffs have impacted Waze, partly due to the COVID-19 pandemic and, more recently, following its merger with Google Maps into a Google Geo division. Google Geo also includes Google Earth and Google Street View.

    Is Waze better than Google Maps?

    A screenshot from Google's Waze app shows turn-by-turn directions to a destination.
    Waze maps out the fastest route, and provides realtime information on traffic conditions, speed cameras, and fellow Wazers on the road.

    Like Google or Apple Maps, the most basic way to use Waze is by getting turn-by-turn directions. You can, for example, choose the quickest route, avoid tolls, or share your drive and ETA — something that can be especially helpful when meeting up with a group.

    Waze stands apart from other GPS tools because of how unusually socially focused it is for a GPS tool. Not only does the app let you see the other Wazers on the road with you, but it provides two different chat options.

    Waze and Google Maps share many similarities, but Waze is known for being car-focused with real-time updates on conditions and fastest routes. Google Maps, meanwhile, is a more traditional navigation app, but it offers options for walking, driving, biking, and public transportation. It also has features like Google Street View, which offers 360-degree visuals of locations.

    New Waze features

    Today, Waze has even more socially focused updates to help drivers keep safe on the road. Thanks to insights from local Waze drivers, these new updates will help drivers get information about navigating the roads, finding parking, and more.

    These updates are set to roll out in 2024 globally on Android and iOS.

    Navigating tricky roundabouts 

    Knowing how to navigate a roundabout can be confusing, especially if you're a new driver in an unfamiliar area. 

    With Waze's new update, thanks to their community members, drivers can clearly see when to enter, which lane to choose, and where to exit, so you never miss your turn.

    Emergency vehicle alerts

    Now, drivers can be alerted in advance when emergency vehicles like ambulances are approaching or stopped along your route.

    Waze drivers will be notified and can adjust their driving accordingly — keeping you and first responders safe. 

    A screenshot of Google's Waze app shows an ambulance icon on a map, indicating the location of an emergency vehicle.

    Speed limit alerts

    No one enjoys getting a costly speeding ticket. With Waze's speed limit alerts, drivers can slow down and safely adjust to the changing road conditions.

    Waze will alert you when a speed limit is about to decrease along your route, giving you ample time to slow down and adjust to the new speed. 

    Local hazard alerts

    Driving in a new city or town can be daunting, especially if you're new to driving. 

    Whilst the Waze app already features alerts to hazards such as potholes, railroad crossings, or bad weather, Wazers will also receive early warning signs for new hazards like sharp curves, speed bumps, and toll booths. 

    A screenshot of Google's Waze app shows a bad weather alert in Brooklyn.

    Stress-free parking reservations

    Waze is expanding its parking features to deliver stress-free parking for Wazers. 

    The new app feature offers detailed information about parking, including cost, coverage, wheelchair accessibility, valet options, and the availability of EV charging stations. Wazers will even be able to reserve a parking space from the Waze app to save you time.

    Two screenshots from Google's Waze app show different parking options at a Trader Joe's in Brooklyn.
    Waze is expanding its parking features — soon, users will be able to reserve a space through the app.

    Read the original article on Business Insider